FINANCIAL INFORMATION statements of financial position as of december 31, 2013 2013 ASSETS Cash
$
Pledges receivable
1,555,425 110,900
Prepaid expenses and other assets
90,572
Cash and certificates of deposit restricted for property
13,570,100
Pledges receivable restricted for property
21,673,882
Property, net
28,964,683
TOTAL ASSETS
$
65,965,562
$
34,219
LIABILITIES AND NET ASSETS Liabilities Accounts payable and accrued expenses Construction payables
2,066,911
Deferred revenue
257,300
Note payable
718,297
Total liabilities
$
3,076,727
Net Assets Unrestricted
9,772,709
Temporarily restricted
53,116,126 62,888,835
Total net assets TOTAL LIABILITIES AND NET ASSETS
24
$
65,965,562